2. Bedlam Company provided the following data for the month of December:December 313,160,0002,900,0001,080,000November 30Cash in bank account balance2,032,0001,890,000Bank statement balanceBank debitsBank creditsBook debitsBook creditsOutstanding checksDeposit in transit1,440,000180,00080,000592,000498,00018 | P ageSAINT COLUMBAN COLLEGECorner V. Cerilles - Sagun Streets, San Francisco District, Pagadian CityTel Nos: 2151799/2151800 | Fax No: 2141290 | Website: www.sccpag.edu ph | E-mail: sccpc1957@gmail.comCheck erroneously charged by bank againstentity's account (corrected in subsequentmonth)Bank service chargeNote recorded as cash receipt by entity whenplaced with bank for collection (note isactually collected by bank in subsequentmonth and credited by bank to entity'saccount in same month)40,0002,00050,0004,000200,000300,000Required: Prepare a four-column reconciliation showing adjusted balances.

Bank reconciliation statement is the process in which bank balance as per the entity records is…

2. Bedlam Company provided the following data for the month of December: December 31 3,160,000 2,900,000 1,080,000 ? ? November 30 Cash in bank account balance 2,032,000 1,890,000 Bank statement balance Bank debits Bank credits Book debits Book credits Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | P age

2. Bedlam Company provided the following data for the month of December: December 31 3,160,000 2,900,000 1,080,000 ? ? November 30 Cash in bank account balance 2,032,000 1,890,000 Bank statement balance Bank debits Bank credits Book debits Book credits Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | P age

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter8: Sarbanes-oxley, Internal Control, And Cash

Section: Chapter Questions

Problem 18E

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Similar questions

Using the following information, prepare a bank reconciliation. Bank balance: $7,651 Book balance: $10,595 Deposits in transit: $2,588 Outstanding checks: $489 Interest income: $121 NSF check: $966
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